red
The Rectitude & Compliance Policy

The Rectitude & Compliance Policy

This policy is based on 360monex’s strong commitment to comply with the laws and regulations of Sweden, Denmark and the European Union, and to protect the reputation of the company for ethical business practices. Senior management is responsible for ensuring commitment to this policy, by adhering to the company’s risk-based AML-CTF program that embeds the requirements into key operating procedures and processes. Additional senior management must ensure that our money remittance business has a culture of rectitude, integrity and compliance; effective controls to comply with AML-CTF laws and regulations, to prevent, detect and respond to money laundering and counter terrorist financing and to communicate the consequences of non-compliance to all employees. The money laundering compliance officer (hereinafter referred as the “MLCO”) is responsible for ensuring the implementation of this policy. All employees have two basic responsibilities with respect to AML-CTF prevention: (i) know and follow these policy requirements (ii) Learn about, carefully watch for and notify the compliance officer of any AML-CTF red flags. A key element of 360monex’s AML-CTF prevention program is initial and periodic employee’s education.